In his State of the Union address earlier this year, President Donald Trump triumphantly said that "the years of economic decay are over."
Against all evidence, Trump frequently claims that former President Barack Obama's administration tanked the national economy.
In reality, Obama inherited one of the worst economies in American history when he was elected after the 2008 financial crisis. Before the end of his two terms as President, GDP growth reached highs that Trump has yet to match.
The current President credits himself with the enviable pre-pandemic unemployment rate, but virtually never acknowledges that the rate was the continuation of a years-long reduction in unemployment that began during Obama's tenure.
Now, a resurfaced video of Trump in a 2004 interview shows him admitting that Democrats are better at maintaining a stable economy than Republicans.
Watch below.
"It just seems that the economy does better under the Democrats than the Republicans."
- Donald Trump, 2004
A useful quote/clip for his opponents to use, you might think.#justsayin pic.twitter.com/wDfRsWOgOK
— Mehdi Hasan (@mehdirhasan) August 31, 2020
Trump said:
"It just seems that the economy does better under the Democrats than the Republicans. Now it shouldn't be that way, but if you go back, it just seems that the economy does better under the Democrats."
For once, even Trump's critics agreed with him.
Ain't it the truth Ain't it the truth pic.twitter.com/7dtzpTwFOr
— jill jacobson (@JillyJacobson) September 1, 2020
@realDonaldTrump actually spoke the truth!#BidenHarrisToSaveAmerica https://t.co/DHDuG7Sclz
— Kristi 💪💪💪💪🌊🌊🌊🌊🇺🇸💙#Resist (@kmlalan) September 1, 2020
Straight from the racist horse's mouth. https://t.co/RJp4XaHy4D
— Jason Eison (@jedei80) September 1, 2020
Lol. Thanks for the @JoeBiden ad, @realDonaldTrump. #BidenHarris2020 https://t.co/0YObNX1Mya
— Laffy (@GottaLaff) August 31, 2020
Hmmm... and in this case he is right @RNC @GOP https://t.co/YK8Zj4BC0V
— Swamp Watchdog (@dpwatchdog) September 1, 2020
He's actually right for a change. https://t.co/GxzOn5bYzN
— 💥☯ ᕲᗩᘉ ᘻᘿᗩᒪᓰᘉᘜ 🐣🏆 (@SpiderCat79) September 1, 2020
In addition to killing over 180 thousand Americans, the virus has left millions suddenly unemployed and struggling to make ends meet.
Trump's critics don't trust him to lead the recovery.
The stock market is not the economy.
Imagine where our country could be if Mitch McConnell and President Trump paid as much attention to struggling families as they did to Wall Street.https://t.co/K5iK9s9Rue
— Sherrod Brown (@SenSherrodBrown) September 1, 2020
It is a verifiable fact that through commission or omission president trump made the economy worse, made the pandemic worse, made racial strive worse, made the deficit worse and worsened our foreign relations with nearly every other country.
— Matthew Dowd (@matthewjdowd) August 31, 2020
.@JoeBiden: "Trump took a good economy and drove it back into a ditch." pic.twitter.com/XDw4i1euhh
— Pod Save America (@PodSaveAmerica) August 31, 2020
